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Stripe is a financial service and software that makes a payment infrastructure specially designed for the internet.
Available to companies big and small, it can be integrated to accept payments, send payouts, and manage their businesses online.
Stripe combines the payment gateway with the payment processor.
The best part about Stripe is that your customers do not need to have or make a Stripe account in order to pay through them, unlike services like PayPal.
Customers can simply just input their card information.
Another perk to integrating Stripe is that your website does not need to store any customer cards, which means you don’t need to worry about PCI compliance.
Stripe takes care of that for you.
There are a few different options when integrating Stripe.
You can simply integrate Stripe’s checkout, or you can create your own custom form through Stripe.
The best part about creating a custom form is that you can make it look more like the rest of your own site.
This will be more familiar to the customers.
However, integrating Stripe Checkout is easier and quicker.
Stripe Checkout is the quickest way to build a payment form that is conversion-optimized.
Here's how to set up Stripe Checkout:
Integrating a custom payment flow on your website using Stripe is a bit more complex than Stripe Checkout.
With this option, you’re essentially building your own code for your website.
If you’re not sure how to do this, you can easily contact Stripe to help you.
Custom payment flow allows you to embed a custom Stripe payment form into your website.
Instead of the payment process going through to the Stripe website, the customer will stay on your website.
If you would prefer to have total control over the look of your payment form, this is the option for you.
Stripe is free to sign up for, has no monthly fees, the transaction rates are generally pretty low, and it supports a wide number of currencies.
Stripe is known for its simple API which allows small companies to build custom e-commerce experiences with their site even if they have limited development resources.
Stripe offers volume discounts at a lower price than most other payment platforms.
They begin to provide these volume discounts once a company makes over $80,000 USD in sales each month.
Stripe is small-business-friendly, especially since there is no monthly minimum, but it is good for larger companies looking for a payment gateway as well.
Stripe offers payment security. Stripe’s security features, such as encryption and TLS (otherwise referred to as SSL), are included with your account.
They also offer extra security features, such as Stripe Radar, which is their anti-fraud service, for an added cost.
